Newly-appointed Felda chairperson Shahrir Samad said the agency will liquidate a hotel it owns in London to generate more cash.
“(We) have other assets in the United Kingdom. It (the hotel) is not an asset that we feel sentimental about, if it involves hotels that give job opportunities to Felda settlers, that can improve local economies in the country, those we will preserve and hope they prosper, we will not easily let go.
“Not many Malaysians work at the London hotel,” he said at a press conference at Menara Felda today.
Shahrir was responding to queries on what was next for Felda, after its decision to let go of its stake in Maybank Banking Berhad, as it sought to gather upwards of RM280 million.